 So many shorts closing... Price continues to fall... Bears must feel like gods |
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1%?!?! What a steal compared to bitcoin!
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At this point we need longs to hold strong and we'll probably be in the clear for a few days.
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Jesus, Bitcoin has been the slowest asset to reach any bottom that I've ever been involved with. This has just been excruciating to witness over the past 16 months. Are we fkn bottomed out yet? Does anyone in the public even care about bitcoin anymore? And oh joy, the 2013 bubble had to just be the one in Bitcoin's history to take the *longest* ever to deflate. Good lord. What's gonna happen in the next one, a run up followed by 4-5 years of down? That's sure to boost consumer confidence in bitcoin long term.  |
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So we bounced off the 61.8 fib line
Still shaky to open a long but if that holds, this whole thing could just be an abc elliot wave which could take us much higher?
Does anyone else here like using the golden ratio in bitcoin, or am I just being delusional before the drop to double digits? We're not bouncing off of any "retrace".. it's just a typical bounce after an unexpectedly weak dump. People dump; buyers watch in anticipation.. dumping stops - panic buy! If you look at these lines long enough, you'll see something coincidental every time. |
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$310 M USD Cryptocoin-based Ponzi Busted in Thailand http://www.coinbuzz.com/2015/04/13/arrests-in-ufun-crypto-currency-pyramid-scheme/In a bust on Friday, Thai police arrested four executives on charges of operating a pyramid scheme [ called "UFun", using ] a cryptocurrency called "Utoken", and stealing over 10 billion baht (roughly US$310 million). [ ... ] UFun sold various cosmetics and supplements. The company focused on referring new customers, rather than selling the products. Customers were encouraged to invest up to $50,000 in order to receive discounts on the products. [ ... ] UFun used its own cryptocurrency called UToken to let customers purchase its products. [ ... ] Websites promoting Utoken claim that it "will outperform Bitcoin and eventually overtake Bitcoin as the Ultimate Digital Currency". This is bullish, isnt it? |
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Well, the dumping sure has came to a standstill. Bidsum rising, ask sum dipping. Nothing major yet, but interesting nonetheless.
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wow so there is really no point in speculating the price of bitcoins because of these damn whales manipulating the price...
IT SHOULD BE $10,000 per each coin by now if it weren't for their fat coins!!
Well, we don't even know whether there are any truly legit exchanges. The whole thing is mired in fog and bollocks. A fair price might arrive one day when there are markets that can be trusted. Until then the whole thing is the plaything of a small number of people who do what they want. So if a bigger player such as a big bank comes into play then i guess we can see the price sky rocket? They probably already are. Right now they're accumulating  I can't even. |
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wow so there is really no point in speculating the price of bitcoins because of these damn whales manipulating the price...
IT SHOULD BE $10,000 per each coin by now if it weren't for their fat coins!!
Well, we don't even know whether there are any truly legit exchanges. The whole thing is mired in fog and bollocks. A fair price might arrive one day when there are markets that can be trusted. Until then the whole thing is the plaything of a small number of people who do what they want. So if a bigger player such as a big bank comes into play then i guess we can see the price sky rocket? If there is any real demand for BTC, the price will go up. Whales cannot prevent this. So, the price is falling now from lack of demand - manipulation is only a byproduct of price action. |
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ask side suddenly gone on finex  Agreed- first good news of the day! Not quite. Weekly chart for better idea:  |
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whats happening to btc why it is crashing hardly, anyone have idea for this i haven't seen any bad news why it is dropping -6%  Because greedy whales want more And the market follows Everyone knows the best way to acquire more of something is to sell all of that something you currently possess. Catnip prices too high? Sell all your catnip and watch global catnip prices plummet. Re-buy at the bottom and own ALL the catnip. Very easy! These whales are not so clever; WeltMaster has them all figured out! |
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Someone is closing his shorts...
USD 0.1029% 0.0708% 25,544,573.57 USD 25,509,538.39 USD
BTC 0.0484% 0.034% 24,165.08 BTC 23,882.85 BTC
More fuel for the dumps becoming available.. |
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here we go boys!  Another trendline someone made up to confuse people? |
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Just want to say that BIT has not updated their page since late March
Someone with twitter account should ask Barry about that. Anyone?  Will we finally see some asks today? No, the shares have not been transferred to the brokerage accounts of eligible shareholders. They are still doing the paperwork. Even if they want to, shareholders can't put up asks until the shares are transferred. Amateur, yes. But this is bitcoin. Huh... So your friend is still waiting? I thought we are in 21. century. Kinda unbelievable how much time this takes Btw. top bid is now 36$. And its $3,600... |
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Does anyone else find it ironic that some people refer to a distributed transparent ledger as a pyramid scheme while making no mention at all of the current debt-based, fractional reserve lending system?
What makes the current system pyramid like? |
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Meanwhile lets have a look at chinese wash volume regular  Some consider that a market maker. The asks rebuilt within minutes and now are even stronger. Seems like serious buy, but no big deal |
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Shorts are going up again
and longs are down no wonder price went down... I'm on this shitty mobile. What's the numbers now, long and short? 26,070,445.02 USD 27,356.31 BTC as of April 10, 2015 - 05:13:46 PM CEST. Asshole shorters... You'd think they would stop shorting once there's already 25k coins shorted. Do they like to be burned? It's kinda hard to go down when 27k "fake" coins have been released on the market. |
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I'd have to agree some of those people are not trolls, like tarmi. He's an opinionated bear, but he shares valuable info in my opinion, since he appears to put his money where his mouth is
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Here comes the storm!
What the fuck is the holdup? Orderbook is angry as hell and all we can get is this hundred BTC dump here and there? DO SOMETHING WHALES! I'm lost without you!!! |
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